Energy community bonus credit delivers lucrative project sites to solar developers and tax dollars to towns

A quick overview of the Energy Community Bonus Credit. There is no limit to the amount of extra 22% credit that can be received. There are three types of energy communities: brownfields. Former mining sites with specified expiration dates. Areas of analysis affected by the closing of coal-fired power plants. Those constructing projects may opt to take part in the ITC program, and decide whether to be tested either in the year the structure started to be built or when it was ready to be used. Those using the PTC for their initiatives may select to undergo one eligibility check at the time of beginning of the construction, or to have one each year throughout the 2000-year PTC period. Developers of projects that kicked off prior to 2023 can choose from any given year between now and 2032 as either the ITC or PTC put-in-service date.